A real estate company in Jining revealed that Jining reduced the lower limit of the interest rate of the first commercial housing loan in this city to 15BP. After adjustment, the interest rate of the first home loan is LPR-35BP. According to the current LPR standard, the loan interest rate of the first house is 3.95%, while the interest rate of the second house is 4.9%. This policy will be officially implemented from10.5. The previous first home loan interest rate was 4. 1%.
Another real estate company in Jining said that the down payment ratio of the first suite in Jining was 20%, while the first loan interest rate was 3.95%. According to the loan1000000, the loan is 30 years, and the interest rate is 3.95%, which can save interest of 31.2000 yuan for buyers.
Jining's interest rate cut this time is related to the central bank and the China Banking Regulatory Commission gradually relaxing the lower limit of the first home loan interest rate in some cities before the National Day holiday. According to the notice of the central bank and the China Banking Regulatory Commission on September 29th, the lower limit of the interest rate of the first commercial personal housing loan will be relaxed in stages before the end of 2022 in areas where the sales price of new commercial housing in this city has been continuously decreasing from June to August 2022. The second set of commercial housing loan interest rate policy is implemented according to the current policy.
According to the principle of "making policy according to the city", all localities can maintain, reduce or cancel the lower limit of local commercial personal housing loan interest rate by stages according to the local real estate market situation and regulatory needs, and the People's Bank of China and the China Banking Regulatory Commission will send agencies to guide the self-discipline mechanism of interest rate pricing in the provincial market to cooperate with the implementation.
According to the data of market institutions, among 70 large and medium-sized cities, Tianjin, Shijiazhuang, Dalian, Harbin, Wuhan and Wenzhou, that is, from June to August, the sales price of new houses continued to decline, both year-on-year and month-on-month. Such as Jining. According to the statistics of several joint market organizations, on the eve of National Day, most of the above 23 cities were at the low end of 4. 1%.
As for the next interest rate cut, Xu Xiaole, chief market analyst of RealData, analyzed that before the National Day, the above cities can basically reach 4. 1% (that is, the LPR will be minus 20 basis points for more than five years), and if it falls again before the end of this year, it will fall to 3.6%-3.7%, which is equivalent to operating loans, which is conducive to reducing the cost of home buyers and preventing policy arbitrage.
Ma Hong, a senior researcher at Trust Investment Research Institute, pointed out that cities with conditions will cut interest rates this year, but the range will be relatively moderate, about 10- 15 basis points. Most of the 23 eligible cities have reduced the first loan interest rate to the lowest point in history. In addition, since the starting point of the policy is to better meet the just-needed and improved housing demand, it is also necessary to strengthen the supply-side policy, especially to shift from "guarantee the bottom" to loans. If it can be issued smoothly, it will greatly boost the confidence of the property market.
The industry believes that there may be other eligible cities in the future to adjust the minimum interest rate according to the principle of "policy for the city".